LSV Asset Management Lowers Holdings in Exelon Co. (NASDAQ:EXC)

LSV Asset Management lessened its stake in Exelon Co. (NASDAQ:EXC) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,100 shares of the company’s stock after selling 1,000 shares during the quarter. LSV Asset Management’s holdings in Exelon were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Crewe Advisors LLC purchased a new position in shares of Exelon in the 1st quarter worth about $26,000. Heritage Wealth Advisors raised its position in shares of Exelon by 247.5% in the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after purchasing an additional 495 shares during the last quarter. Register Financial Advisors LLC purchased a new position in Exelon in the 1st quarter worth about $26,000. Versant Capital Management Inc raised its position in Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after buying an additional 672 shares during the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in shares of Exelon during the 2nd quarter valued at about $28,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 1.4 %

Shares of EXC opened at $39.86 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $42.15. The company has a 50 day simple moving average of $37.19 and a two-hundred day simple moving average of $36.88. The firm has a market cap of $39.86 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 2.77 and a beta of 0.53.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same period last year, the firm posted $0.41 EPS. On average, equities analysts expect that Exelon Co. will post 2.44 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Monday, August 12th. Exelon’s dividend payout ratio (DPR) is currently 65.52%.

Analyst Ratings Changes

EXC has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Barclays boosted their price target on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Wells Fargo & Company boosted their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, Scotiabank boosted their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.82.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.